Assume you are the manager of a small firm that is dependent on a large manufacturing customer that uses the resource-dependence perspective. Put yourself in the position of the small firm and describe what actions you would take to survive and succeed. What actions would you take from the perspective of the large firm?

Question

Business

Theodore

19 September, 20:16

Assume you are the manager of a small firm that is dependent on a large manufacturing customer that uses the resource-dependence perspective. Put yourself in the position of the small firm and describe what actions you would take to survive and succeed. What actions would you take from the perspective of the large firm?

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Answers (1)

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Justine Chavez · Answer 1

Resource dependence perspective of the organization assist an organization in reducing the extent of risk involved in operating environment.

Explanation:

Managers should always try to succeed and survive on their own and reduce the dependence on other organisation.

If i were the firm, the action i would take to succeed and survive includes;

1. By maintaining good relations with the labor and treat them right. this way, they wouldn't feel the need to find another job.

2. The Small firm should also maintain a good relation with the larger firm. and the small firm can also introduce innovative products. so as to increase turnover, higher profit rate and expansion.

Futhermore, Larger companies can assume role as product distributors and business partners. both the large firm and small firm can broaden their global prospects by forming partnership that capitalise on their complementary strengths. at the same time respecting the independence of each.